37861 Homes under $500,000

Welcome to Rutledge, Tennessee, a charming town nestled in the heart of Grainger County, where the stunning beauty of the Smoky Mountains meets the serene waters of Cherokee Lake. With a zip code of 37861, Rutledge offers a perfect blend of small-town charm and modern amenities, making it an ideal place for families, retirees, and anyone looking to embrace the tranquility of rural living.

One of the most appealing aspects of Rutledge is the availability of homes priced under $500,000. This affordability allows you to explore a variety of options, from cozy single-family homes to spacious properties with ample land. Whether you’re a first-time homebuyer or seeking a peaceful retreat, you’ll find that Rutledge offers a diverse selection of homes that cater to various lifestyles and budgets.

Imagine waking up to the gentle sounds of nature, with picturesque views of rolling hills and lush greenery right outside your window. Rutledge is not just a place to live; it's a community where neighbors become friends and outdoor adventures are just a stone's throw away. Enjoy fishing, boating, and hiking, all while being close to local shops, schools, and dining options that make everyday life convenient and enjoyable.

With its affordable housing market and breathtaking natural surroundings, Rutledge, TN 37861, is a hidden gem waiting to be discovered. Come explore the possibilities and find your dream home in this idyllic town!

Newest 37861 Homes under $500,000

$259,900

5 Beds ⋅ 2 Baths ⋅ 3619105 MLS ⋅ ACTIVE Status ⋅ 0.81 Acres ⋅ 37861 Zip Code

Fixer upper, great for investors or flippers, Needs TLC and cleaning up. 3 br, 2 ba, hardwood floors, granite countertops, all appliances convey, full unfinished basement, poured concrete walls.

250 Redbird Ln, Rutledge

$220,000

3 Beds ⋅ 1 Baths ⋅ 3601306 MLS ⋅ ACTIVE Status ⋅ 1.09 Acres ⋅ 37861 Zip Code

One level living with this rancher featuring 3 bedrooms, 1 bathroom, on 1.09 acre of land. This home features a large backyard, garage, and close to all amenities, shopping, and highways. Property owned by US Dept.of HUD. HUD case # 481332476, Insured. ''IN'', Subject to Appraisal.'' Seller makes no representations or warranties as to property condition. HUD Homes are sold ''AS IS.'' Equal Housing Opportunity. Lead based paint disclosure due to property built prior to 1978.

13700 Lakeshore Dr, Rutledge

$459,900

3 Beds ⋅ 2 Baths ⋅ 3591819 MLS ⋅ ACTIVE Status ⋅ 0.74 Acres ⋅ 37861 Zip Code

# Stunning Lake Cottage with Deep Water & Dock Welcome to your own private piece of heaven! This stunning **3-bedroom, 2-bath lake cottage** offers beautiful lake views, deep water, and a private dock--everything you need for peaceful lake living. The home is **move-in ready** and is being sold **semi-furnished**, making it easy to settle in and start enjoying the lake right away. Whether you're looking for a private getaway, a full-time residence, or a fantastic **Airbnb/short-term rental opportunity**, this property offers incredible potential. With its peaceful setting, gorgeous views, and direct lake access, this is a rare opportunity you won't want to miss. **Don't miss this one--come see your little piece of paradise today!**

177 Sequoyah Trl, Rutledge

$499,900

3 Beds ⋅ 2 Baths ⋅ 3548156 MLS ⋅ ACTIVE Status ⋅ 1.12 Acres ⋅ 37861 Zip Code

This spacious and stylish main-level home offers 3 bedrooms and 2 bathrooms, perfect for comfortable living. Enjoy stunning mountain and lake views in a peaceful setting ideal for unwinding. The property also includes an extra lot. All details are from tax records, and buyers should verify all information before making an offer. Drone photography was used in photos and interior photos provided by the seller. Lot lines on photo are approximate.

7445 Lakeshore Dr, Rutledge

$479,900

3 Beds ⋅ 3 Baths ⋅ 3544539 MLS ⋅ ACTIVE Status ⋅ 1 Acres ⋅ 37861 Zip Code

Imagine ending every day with peaceful country views and Cherokee Lake just minutes away. This brand new one-level home offers an oversized living room, spacious kitchen with large island and walk-in pantry, huge laundry room, split-bedroom floor plan, and covered front porch perfect for morning coffee. Walk to the neighborhood boat ramp and enjoy easy access to Cherokee Lake, all while coming home to the peace and space of country living. Welcome home to easy, one-level living with room to breathe. This brand new home offers the kind of space and layout you are searching for, all tucked into a peaceful setting just minutes from Cherokee Lake. From the moment you pull up, the oversized covered front porch and beautiful brick exterior make you want to slow down and stay awhile. Inside, the home feels bright, open and fresh with extra-wide living spaces, beautiful flooring, crown molding, recessed lighting and large windows that frame the rolling country views. The kitchen is truly the heart of the home, featuring abundant cabinetry, a large center island with storage, granite countertops, contemporary fixtures, walk-in pantry and plenty of room to gather with family and friends. The oversized living room flows easily to the back deck where you can relax and take in the peaceful views. The split bedroom floor plan offers privacy, with a spacious primary suite featuring an oversized bedroom, double vanity, large bath and generous closet space. The additional bedrooms are roomy and perfect for guests, family, office space or hobbies. Extra special touches include a huge laundry room with sink and storage, LVP flooring, oversized rooms throughout, and thoughtful details that make this home stand out from typical new construction. And the location? Hard to beat. Cherokee Lake is just minutes away, and the neighborhood boat ramp is within walking distance, making it easy to spend your mornings on the water and your evenings back home enjoying the quiet country setting.

141 Neal Dr, Rutledge

$249,900

3 Beds ⋅ 2 Baths ⋅ 3260458 MLS ⋅ COMING SOON Status ⋅ 0.27 Acres ⋅ 37861 Zip Code

This charming 2026 home with 3-bedroom, 2-bath home offers 1,280 square feet with an open-concept layout perfect for everyday living and entertaining. Enjoy relaxing evenings or weekend gatherings on the amazing back deck, ideal for grilling and outdoor entertaining. Connected to county sewer while still offering a peaceful country atmosphere, this property gives you the best of both worlds. Conveniently located approximately 30 minutes to Knoxville, 25 minutes to Morristown, and 20 minutes to Jefferson City. Call today to view this home. Seller is providing $6000 for the Buyers closing expenses. (some drone photo's were used)

126 Double Cave Rd, Rutledge

$179,000

3 Beds ⋅ 2 Baths ⋅ 3138768 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ 1 Acres ⋅ 37861 Zip Code

WELCOME HOME! This newly renovated 3-bedroom, 2-bath mobile home sits on a full 1-acre lot, offering space and privacy to enjoy country living. Recent updates include all new flooring, fresh interior paint, updated fixtures, new kitchen countertops, and a brand-new well pump. The title has been retired, providing added flexibility for financing. Move-in ready and waiting for its next owner!

1946 Spoon Hollow Rd, Rutledge

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.

37861 Homes under $500,000

Newest 37861 Homes under $500,000

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